Tiffany & Co. (NYSE:TIF) – Equities researchers at Credit Agricole SA issued their Q3 2017 earnings per share estimates for shares of Tiffany & Co. in a research note issued to investors on Tuesday. Credit Agricole SA analyst R. Patel expects that the brokerage will post earnings of $0.69 per share for the quarter. Credit Agricole SA has a “Outperform” rating and a $80.00 price objective on the stock. Credit Agricole SA also issued estimates for Tiffany & Co.’s Q4 2017 earnings at $1.51 EPS and FY2019 earnings at $4.31 EPS.
TIF has been the subject of several other research reports. Bank of America Corp. set a $75.00 price objective on shares of Tiffany & Co. and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Royal Bank Of Canada raised their price objective on shares of Tiffany & Co. from $65.00 to $76.00 and gave the stock a “sector perform” rating in a research note on Friday, August 26th. Guggenheim assumed coverage on shares of Tiffany & Co. in a research note on Friday. They issued a “buy” rating for the company. Mizuho raised their price objective on shares of Tiffany & Co. from $72.00 to $82.00 and gave the stock a “buy” rating in a research note on Monday, August 29th. Finally, Citigroup Inc. raised their price objective on shares of Tiffany & Co. from $71.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday, August 26th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Tiffany & Co. presently has an average rating of “Buy” and a consensus price target of $78.88.
Tiffany & Co. (NYSE:TIF) traded up 2.23% during trading on Friday, reaching $72.96. The company had a trading volume of 624,628 shares. The stock has a market capitalization of $9.11 billion, a P/E ratio of 20.81 and a beta of 2.06. The stock has a 50 day moving average of $70.21 and a 200-day moving average of $67.01. Tiffany & Co. has a 12-month low of $56.99 and a 12-month high of $84.19.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 25th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $932 million for the quarter, compared to analysts’ expectations of $931.37 million. Tiffany & Co. had a return on equity of 15.90% and a net margin of 11.26%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 11th. Shareholders of record on Tuesday, September 20th will be given a $0.45 dividend. The ex-dividend date is Friday, September 16th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.52%. Tiffany & Co.’s dividend payout ratio (DPR) is currently 51.28%.
In other Tiffany & Co. news, insider Jean-Marc Bellaiche sold 775 shares of the company’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $61.78, for a total value of $47,879.50. Following the completion of the transaction, the insider now owns 2,179 shares in the company, valued at $134,618.62. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Philippe Galtie sold 482 shares of the company’s stock in a transaction dated Tuesday, September 20th. The stock was sold at an average price of $72.01, for a total transaction of $34,708.82. Following the completion of the transaction, the senior vice president now owns 670 shares of the company’s stock, valued at approximately $48,246.70. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of TIF. First Eagle Investment Management LLC increased its position in shares of Tiffany & Co. by 261.2% in the second quarter. First Eagle Investment Management LLC now owns 3,876,154 shares of the company’s stock worth $235,050,000 after buying an additional 2,803,126 shares during the period. International Value Advisers LLC bought a new stake in Tiffany & Co. during the second quarter worth approximately $67,971,000. Victory Capital Management Inc. boosted its stake in Tiffany & Co. by 80.2% in the second quarter. Victory Capital Management Inc. now owns 1,444,603 shares of the company’s stock worth $87,600,000 after buying an additional 642,759 shares in the last quarter. Emerald Acquisition Ltd. bought a new stake in Tiffany & Co. during the second quarter worth approximately $30,028,000. Finally, Renaissance Technologies LLC bought a new stake in Tiffany & Co. during the first quarter worth approximately $28,486,000. Institutional investors and hedge funds own 85.66% of the company’s stock.
About Tiffany & Co.
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO. retail stores. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other.
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